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christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney.
:30 eastern time. a dow jones survey finds that the economy probably added 180,000 jobs last month. the unemployment rate is seen slipping 7.2%. we'll talk more about market expectations in just a few minutes, but we begin this morning with our top story. nelson mandela spent 27 years in prison, led his country to democracy and became its first black president. he died at home yesterday at the age of 95. chris takes a look at mandela's life and legacy. >> history books will remember nelson mandela as one of the world' most prominent crusaders for black rights, the son of an african tribal chief, nelson mandela gave up a comfortable life and his hereditary lights to be a tribal leader to become a political activist in the fight against apartheid. the system of white rule over the majority black population. >> to feel that it is for us to continue talking nonviolence and peace. >> he was jailed for organizing demonstrations as well as treason and sabotage. he spent 27 years behind bars, but his jailing fueled the fires of freedom. his plight became an international symbol of oppressi
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
blitzer in washington. big news for the u.s. economy today. hiring is up. unemployment is down. the jobs numbers for november were released this morning and they're much stronger than many analysts had been expecting. take a look. the economy added 203,000 jobs last month. that's 20,000 more than many of those economists had predicted. another surprise, the unemployment rate fell to 7% from the 7.3% a month earlier. that happens to be a five-year local and a real sign the economic recovery may be gaining some momentum. our christine romans is in new york watching all of these numbers for us. how significant are they, christine? >> it's significant, wolf. now you've got a trend in place for the year, you've got more than 2 million jobs on track to be created the best since 2005. it has been pretty in israble since the recession and the bubble burst and to say you're going to have jobs growth, on track for jobs growth, the best since 2005 is significant. you want it see these numbers, 200,000 a month and more and want to see it continue. the unemployment rate going down to 7%, wolf, the wh
. >> good-bye from us. >> thanks for watching. c"cnn newsroom" starts now. >>> right now the economy's growing but stocks are sinking. we'll tell you why. also, right now fast food workers are sending a message, minimum wage is not enough to live on. walking off their jobs. goal is to double their pay. and right now, the killing of an american in benghazi, libya. it's being investigated, reportedly a school teacher and he's described as someone who is, quote, sweet to everyone. -- captions by vitac -- www.vitac.com >>> hello, i'm wolf blitzer in washington. first up, the health of the u.s. economy and your 401(k), a key checkup shows the economy growing at a quicker pace than expected. you'd that that would send stocks soaring but that's not necessarily the case. zain asher joining us from the new york stock exchange. start with the key economic report that came out today. how much growth are we talking about? >> reporter: third quarter gdp coming in at 3.6%. certainly a good headline number and the biggest growth we've seen since the first quarter of 2012. part of the reason for thi
in stock prices but in property markets, as well. he called the u.s. economy still weak and vulnerable. he says technology and financial sector stocks seem most stretched. he still sees value in energy and health care, so far this year the broad-based s&p 500 index is up more than 26%. >>> well, jim paulson is not buying the bubble talk, saying there is still a lot of upside in the market, jim, nice to have you with us. so tell us why you're not expecting any bubble trouble after a nobel prize winning economist says that things are vulnerable. >> you know, susie, i think the primary thing that creates sort of a bubble economy and ultimately a recession is just simply too much confidence about the future. when all the players, consumers, businesses, policy officials, everybody gets really bullish about the future they start to engage in dumb behaviors, they stretch the balance sheets, hire too many people and buy that second summer home and that is the thing that ultimately has to be corrected. and i think that confidence is better today but we're still at confidence levels that are below a
in the economy. the fed has been fighting that trying to keep rates down to ensure the economy is really getting going, not just one time only, but steady in creating a lot of jobs. now if today's data is a sign that things are on track in this country, i don't know what it is. i just don't know what is good data. after i saw this data. so you have to figure the fed stops fighting the tide unless rates rise and this will present more competition for stocks and it can reverse the terrific data we got today and that's what janet yellen has to be worried about. the successor to bernanke. maybe the data is aberrant. we haven't seen a surge in consumer spending. we really haven't seen a strong employment growth, and while we keep talking about a budget compromise today, forget it, it's not a surety. it may not do anything other than resolve the ridiculous sequester that's so twisted government spending. frankly, i tried to dispense with this as quick as i can. why? anyone can trace it. so let me tell you what you don't know. you have heard about this tapering game for so long. i know you don't care t
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
bell rang just seconds ago on wall street as a new jobs report exceeded expectations, has the economy finally, finally taken off? >>> and the world lead. former president jimmy carter joins us to eulogize nelson mandela, the south african freedom fighter has been canonized for his accomplishments. did you realize the u.s. had him on a terrorist watch list until 2008? >>> good afternoon. welcome to "the lead." we begin with the national lead. it's like most of the country is living inside a flu medicine commercial right now. brutally cold weather has descended upon most of the nation, bringing a deadly ice storm sweeping from texas to new york. nearly 2,000 flights have been canceled, many of them going to or from the dallas-ft. worth airport. it's colder in dallas right now than it is in anchorage, alaska. authorities fear that no amount of shoveling or salting will make the streets safe enough for the dallas marathon or holiday parades so officials decided to cancel both of those events this weekend. at least four deaths are blamed on this massive storm. two of them in oklahoma, wher
, good news about the economy, two brand new snapshots of the u.s. economy, both striking ones. the gdp, the gross domestic product shot up 3.6% in the third quarter and a second report is showing the best private sector jobs growth all year. zain asher will join us had ffrw york in a minute. probably means the friday jobs market numbers will be very good. those numbers come out tomorrow. >>> the fight to close that wage gap heats up today, in just about two hours thousands of fast food workers are expected to protest in 100 cities across the country, from new york city to new orleans, to oakland, trying to pressure employers into paying a livable wage of $15 an hour. now they've got a powerful ally on their side, president obama. >> we know that we're going to have a greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail sales people who work their tails off and are still living at or barely above poverty. that's why it's well past the time to raise a minimum wage. >> but the messa
of taper. it gives them comfort that the economy is doing well. i think friday's job report and some other items recently, i think investors are getting comfortable if it does happen in december. >> if it does happen, they say the fed is more likely to wait and happen next year. what is the fed going to be looking at at this point? you see a stronger jobs number. it's tough for a hawk to say that the feds have a definitive breakout pattern. >> that's right. our economists are saying the fed is probably interested in trying to begin the taper process. i think january is a better date. i think that will help. if we can see spending, we'll see how that will be a factor. >> you said at the end of november that december is likely to be a pretty strong month for the market. last week was a down week. what do you think the month will bring at this point? >> i think investors will want to finish the year strong. i think they're optimistic about 2014. there's still a bit of performance chasing taking place. then our position data we track, hedge fund and mutual fund data and broader macro fund posi
the local economy a boost in the process. >> there are a lot of other satellite businesses that depend on us growing, too, so this project, you know, there were several hundred people that, you know, went to work bringing the electrical, the construction, all those other pieces here to support our efforts to satisfy our customers. >> reporter: among those other businesses, barry swenson builders, busting out of the construction slump with more tech industry-fueled south bay real estate projects than they've seen in years. >> absolutely. and actually a little by concerned about what we're going to do come late spring. >> reporter: because? >> because we have so much volume at this point, and just want to make sure that we have the right people in the right places to make sure those jobs get done correctly. >> reporter: the busier they are in here, the busier they'll be out here. >> we think it hopefully will continue into the next couple years. >> reporter: gradually building up the local economy. now, the jobless rate for the entire country came in today at 7.0%. the lowest rate we've seen i
. they are expected to rise slightly to 318,000. in the meantime, a revision to gdp is seen showing the economy grew if a pate of 3.2%. both of those reports will be out at 8:30 eastern time. at 10:00, look for october factory orders. in europe we'll get an interest rate decision from the bank of england at about 7:00 eastern time and one from the ecb at about 7:45. the european central bank is widely expected to leave interest rates unchanged at its final policy meeting of the year. last month, though, policymakers surprised the markets with a cut in the interest rate to a record low of 0.25%. we'll check in with ross westgate in just a few minutes. >>> the dow and the s&p are now on a four-day losing streak. this morning, futures are around the flat line. down by about 2.5 points for the dow, down by 0.5 for the s&p and the nasdaq is up by 4 points. november same-store sales will be coming in throughout the morning. cosco's comps rose by 2% during the month. that was short of what the street had been expecting. you had lower gasoline prices and weak foreign currencies. both of those ended up hurti
close friday, they ended what was a pretty big week for the u.s. economy. stocks high, unemployment low, and the economy growing better than anyone expected. zane asher is in new york with what it means and how it all happened. >> reporter: fredricka, it was a big week for the economy. car sales rose, new-home sales roared and the unemployment rate dropped to 7%, the lowest since 2008. and it fell for positive reasons, because people are finding work. earlier this year, the unemployment rate declined because a lot of people got discouraged, gave up looking for work and weren't counted, but the opposite seems to be happening. it's added more jobs since 2005 and the gains are not in low-wage sectors. a lot of hiring in health care, transportation, professional services like accountants and travel agents. wages are also up and americans are working more hours. the list goes on. the report pushed the dow up nearly 200 points friday. wall street is thinking the federal reserve will reduce the stimulus program soon. certainly a sign the economy is ready to stand on its own two feet. but remem
the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. this has really accelerated. >> p.c.s? >> yes. that's the reasoning behi
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
that in this speech on the economy earlier. but this is a different strategy we're looking at here with these young people. >> earlier speaking before the group center for american progress and key allies of this president this afternoon, a short time from now, the focus will be on the young individuals and comes with a back drop of numbers that are concerning to members of the administration. a harvard kennedy school of government said a majority of these young mill lennials are afraid the affordable care act will cost them more but help them less. the care won't be as good. that's an issue they are trying to turn around and turn into their favor as the president prepares to speak at this youth summit. they will focus on today the issue that people under the age of 26 get to keep their parent's coverage, get to be covered by their parents with preexisting conditions will be covered as well. these are issues that young people will relate to. on top of that was a statistic the white house aides are often note us about, the fact six in ten americans in their health care will pay less than they do a m
to that breaking news on the economy, americans are getting back to work, 203,000 jobs were added to payrolls in november, and the unemployment rate ticked two notches lower to 7%. that's the lowest unemployment rate in five years. our chief business correspondent christine romans is here to break down the numbers. better than expected, so should we feel absolutely completely good about this? >> i saw some broad-based strength in these numbers from warehousing to retail to transportation to construction so there's broad based health care as well, that's important here. carol, the trend, i always talk about the trend how important that is. you look at the last four months on average, 200,000 plus jobs over the last four months and carol we are on track this year for the most jobs created since 2005. we're on track for more than 2 million jobs created and that is a marked improvement from what we've seen in recent memory, so this is good news, a 7% unemployment rate is still good news. you'll hear people talk about their concerns about this underemployment rate, 13.2%, people who are unemployed
with jim cramer and david faber. we'll get to that apple news in a minute. but the broader economy making some headlines here. gdp revised up to six. there's questions about stockpiling, as well. the ten-year did pick up the 287 off just a touch now. the ecb hold rates steady. our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. >> apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a share buyback. >> we'll look at the winners and losers in retail. >> wow. >> first up, though, the ten-year notarizing on better than expected economic data, revised third quarter gdp up 3.6 while weekly jobless claims fell below 300k. this all happened on the 17th anniversary of alan greenspan's irrational exuberance speech in 1996. >> how do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. >> that leads us to a good question, jim. last night,
in jobs. does president obama deserve credit for improving the u.s. economy after a surprisingly strong employment report? i'm wolf blitzer. you're in "the situation room." >>> a ten-day mourning period is under way for one of the most influential leaders of our time. we're learning more about the final tributes to nelson mandela. stand by for that, and for my special conversation with the former president, bill clinton. he reveals a time when he and the south african president didn't see eye-to-eye but first, the breaking news we're following. >>> a brutal winter storm turns deadly. at least four people have been killed on icy roads in the southern u.s. we're seeing a dangerous mix of snow, sleet, freezing rain and bone-chilling cold, and it's creating hazardous conditions from texas to tennessee and beyond. now a one-two punch of weather misery is on the way, affecting both coasts from now through monday. we have team coverage beginning with our meteorologist jennifer gray at the cnn weather center. jennifer, what's going on? >> well, we are getting that one-two punch. we have this on
fuego, with demand outstripping supply. and if the economy keeps improving, things will get even better for the hotel operators. hilton is, in fact, the world's largest hotel chain. it's under a number of brands, not just hilton. waldorf astoria, conrad, doubletree, embassy suites, hampton, homewood suites. now it's expected to price next thursday at $18 to $20 a share. i want to give you a head start to focus on this one. a little over a week, stock's trading under the symbol hlt. at the midpoint of that range, this would be a $19.3 billion company and the stock would be fairly expensive by most metrics. however, i still think it makes sense for you to try to get in on the hilton deal. let me tell you why. i think it's likely the stock will pop on the first day of trading, as has been the pattern for the vast majority of ipos this year. some of that is because hilton is private equity backed ipo by blackstone. blackstone took the chain private in 2007 and now they're spinning it off again as a private company. last month we saw another hotel play from blackstone come public. i'm talkin
warren, thank you. we're going to turn to the economy. wall street is reacting positively despite today's better than expected jobs report. i say despite because series of positive results could signal it's time to turn the policies. a net gain of 203,000 jobs. the unemployment rate slid to five-year low of 7%. over the past four months, the economy gained an average of more than 200,000 jobs each month. that's up sharply from the previous four months. okay, if it's jobs friday, it times for our dynamic economic duo, jared bernstein and peter marchi, even you have to feel good about this jobs report. >> i think this is a good jobs report given what we've been through. >> easy, jerry. >> i would like to have more jobs and be around 300,000, 400,000 but i think next year will be even better. so much so i think it is time to start to withdraw the stimulus and start focusing on budgetary priorities in terms of what do we really want to do. what do we really need and worry less about stimulus but more about the fundamentals. we need to rebuild bridges. let's not do that because it's stimulus
. >> negotiations moving in the right direction. >> experts predicting that a steadily improving economy is actually on the horizon. >> the unemployment news this week positive. >> unemployment fell to its lowest level in five years. >> i do support unemployment benefits for the 26 weeks. >> extending unemployment insurance isn't just the right thing to do for our families. >> if you extend beyond that, you do a disservice to workers. you're causing them to become part of this perpetual unemployed group. >> republicans so far refuse to extend it. >> i get the distinct impression you would like to run for president. >> i am seriously thinking about it. >> it is a big week in washington and the world and, we are tackling several developing stories this afternoon. president obama and the first lady are headed to south africa, joining dozens of world leaders who will honor the late nelson mandela. the president is joined on air force one by former president george w. bush, his wife laura, and former secretary of state, hillary clinton. meanwhile, for families in newtown, some powerful public statements
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
276. that's been a pretty significant change. >> a big move but at the same time economy a little bit better. >> unless you count jobs numbers, right? which we'll get another look on friday. >> you want to go against the autos? >> i think gm will have great numbers. there's momentum that's difficult. david, you made the best point. do i want to sell anything other than the losers? five stocks in the dow up less than 10% and clunkers. okay in maybe you want to sell a clunker, caterpillar. a clunker, ibm. otherwise, why take the gain issue? >> i talked to a couple of guys who believe we will have a technical melt-up in the winners for this very reason. >> why would you sell them? you'll buy more or conceivably because nobody has a reason to sell them. we look at the supply. i look at the quarters to me the most important thing is not the revenue growth, not the earnings growth but the shrinkage. companies bought their own stock hand over fist and not a lot of stock for sale. i think it's major. >> looking for clues as to how business news, working into the overall american psyche, check
if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more? it's a first-class quandary that we have to dive into headlong on "mad money" if we're going to figure out the market's move. it's distracted and a parlor game and we find you the best stocks and the best opportunities. the only focus on the fed's next move the last three years, you missed some of the single best moments to invest in our lifetimes. i regard that as terrible. i regard it as shameful because this fed-centric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and it's the market as a marionette. my favorite credo is the opposite. the stocks represent companies and the companies march to many different drum e not just the fed drummer. some companies do better than higher interest rates and like the minerals and oils and most important, many companies do better because their managements are smart or incentive to create value. if you spend all of your time waiting for the fed to tell you
, they won't need social services, and the economy, the system will be paying less into social services as a whole. so 50 cents for a burger is really not that big of a deal. >> all right. nbc's katy tur, thank you for that report. i want to now bring in an associate professor of economics at umass. he also penned "the new york times" op-ed "the minimum we can do." he says, while we can set a wage floor using policy, should we, or leave it to the market. thanks so much for joining us. >> thanks for having me. >> so i wanted to start, one of the things i thought was interesting in your op-ed is you talk about the fact we used to have a variety of mechanisms for setting the wage. it wasn't just up to employers. some of those mechanisms have gone away over time. explain that. >> yeah, for most of the post-world war ii era, wages in the u.s. were set using a combination of things like the minimum wage as well as collective bargaining, unions, who actually used to help set wages together with employers. that is not the case today. unions and the private sector have virtually disappeared in m
in one of the southeast asia's largest economies. demonstrators are looking to topple the government and the current prime minister after accusations of corruption and abuse of power. the u.n. has closed its offices in bangkok warning foreign travellers to stay out of the streets. >> afghanistan president karzai is accusing the u.s. of holding back fuel and other supplies. he said they are holding back supplies in an attempt to pressure for him to sign the agreement. >> from the "los angeles times" officials say speed may have been a factor in the crash that killed actor paul walker and his friend over the weekend. according to police the "fast and furious" star left a charity event. witnesses at the event said they heard a loud boom and saw smoke. walker was in the middle of gaming "fast and furious 7." walker leaves behind a 15-year-old daughter. he was 40 years old. >> really. isn't that bizarre? came from a charity event and he gets in one of the cars and the guy drives off with him -- >> he was the passenger in the car. >> passenger in the car and runs into a pole and blows up.
sales promotions. christine romans is here with the good news. >> automakers saw the economy is getting better and they think it will keep getting better next year and that is great for auto sales. when you look at car sales, it really gives you a clue into the minds of the consumer. you don't just spend $38,000 on something casually. you need access to credit, confidence about your job, a ro reason to do it. very good numbers for november. 14% year over year increase for gm, that's great. ford, up 7%. chrysler, up 16%. and it wasn't just the incentives. there were good incentives. about $2500 on average was the incentive to get out there and buy a car. big advertising for black friday. a lot of people went to the showrooms, that helped. but this is really a recovering economy story. and pent up demand story. and you're hearing it from the automakers who are looking at the a good 2014, as well. their stocks reflecting it, too. >> absolutely. so the auto bailout was a good idea? we all remember back in 2008 when mitt romney said let detroit go bankrupt and there was a big partisan fight.
, that economy is contracting and better pmis out of the u.k. the u.k. economy firing on all front at the moment. back to you. >> ross, thank you very much. again, ross westgate, we'll check in with you tomorrow. >>> retail, another holiday kickoff, it's come and gone. how did the retailers do. joining us is dana telsey. the reports that i've seen suggest this wasn't really a build. sales were actually down over the weekend. it makes you wonder if opening earlier on thursday is worth it for all of the big retail companies? >> it definitely seemed as if sales on thursday pulled from friday. even a little bit from over the weeken weekend. overall when speaking to retailers, low single digits is where the game was. >> so what does this mean? was this a mistake for them to open early like this? was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmart's case? what happened here? >> i think that you basically had the promotions and all the advertising for it starting way before this thursday or friday of thanksgiving and black frid
. caller: good morning. host: you are on, go ahead. said, theye he just .ay and could boost the economy so i agree. but at the same time it is not for sure that this is what they are going to do. promises, promises. what they're going to do, what they could do, how but given the -- they try to schedule trips to out-of-state. we want to go and explore the regions outside planet earth. we overhear her -- overhear hurting. you know, but i mean -- the i'm going to say it like this. more tightening up. alright. what the heck? twitter --f web talksat's on the about a concert that used drones to deliver beer. it says -- dominoes even floated the idea of testing pizza delivery. it says -- most of the responses to this amazon ising that thinking about a drones system that would deliver packages of a certain weight in about 30 minutes. you saw video of that, which sparked some of the reaction, even to the point of legislators. we want to get your thoughts on commercial uses of drones in the united states, if you would support or oppose that. on your screen. lauren is on our for those that supported.
economic growth and growing the economy and giving everyone a chance to go ahead. people don't want redistribution. but with the republican party offering very little his message resonates with the democratic base. >> if you don't think we should raise the minimum wage, let's hear your idea to increase people's earnings. you don't think of child should have access to preschool, tell us what you would do differently to give them a better shot. martha: increase the inmum wage and increase childhood education. >> he spoke as if he hadn't been president. he spoke as if he's on the outside of his own presidency. he has been president for five years. what we have seen in the speech and what we'll continue to see is more class warfare because this is who he is. he is a leftist and essentially a socialist. so he believes in waging the class warfare. when he talks about -- when he spoke about the american dream he has a warped leftist view of that dream. he believes the state should use its to force greater income he:quality. when government do that it's essentially called communism. the ame
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
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by president bush and more by president obama and the struggles with the economy and everything else. if you look at the polling, it shows a drop in support for democrats and the republicans have not been able to seize control of this. especially gay marriage and marriage equality. that is supported by the generation and for the republicans to take advantage of the opportunity that has been handed them, they will have to handle that really well. most on college campuses, you see here most of the republicans are much more supportive of the issue. it's not a threshold issue. it's critically important otherwise a wasted opportunity to seize support from folks who are looking for other opportunities to support different leaders. >> one thing that the president's reelection campaign benefitted from was turn out specifically about african-americans. they have the turn out machine for 2014. in terms of what will vote in 2013, whites 36%. hispanics 28%. african-americans 27% is down a lot from november of 2009. what do democrats have to do? can they rely on the get out the vote effort or do they hav
at managing the economy, okay at managing crime, not so great managing corruption. as eugene says, what he really stepped forward was his moral vision. he was a brilliant communicator. we expected that of obama. obama, in fact, has not been as president as brilliant a communicator as expected. he hasn't provided the same kind of moral vision in his speeches about health care, the economy -- >> recently. >> lately in touch with that. he's made pragmatic arguments more than this moral framework of an argument. i think maybe there's a lesson there for the white house from mandela. >> also need to think about what mandela was able to accomplish in the arc of history. it was years, very methodical -- even when they were in prison, they were planning for when they got out and what the government needed to look like. that was years and years and years. years and years of a lot of pressure coming from the outside. i actually think if we were going to have any kind of parallel to the united states, we should be asking ourselves what more could we do from the outside to create conditions. part of th
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for the economy. melissa: do you have any idea roughly what percentage? because that's all the the complaint in the holiday season, people say there's great seasonal work, and, in fact, in our next segment we're talking about how people can really find jobs this time of year that turn out to be permanent. about how many do you think end up being permanent? >> i don't have a specific number percentage, and some of that will depend on our growth as we move into the year and the economy and demand for our services, but it has been consistent that seasonal positions turn into full-time positions for us for the past several years. melissa: we've seen a huge jump in online shopping. we saw that even this week as, you know, so many stores went out and opened on thanksgiving, and they did everything they could to get more shoppers into brick and mortar stores. black friday weekend. and still the number of shoppers out there and the amount of money they spent on foot, brick and hour tar, went down. do you see the pick beup in shipping? is all that moving online, or are people just shopping less? what
's the nature of democracy. it's a work in progress. and south africa, we see it as the largest economy, second largest economy on the continent. but it's a young democracy. it's taking those baby steps. it'll only be 20 years in 2014 that it has been a democracy. now, that doesn't mean that you forgive some of the missteps, but you go in there and work on them and find people who can hold people accountable. and i think that's where it's important for that country as well as in the countries relating to mandela to relate to his country and to help them realize the life of mandela. now it's up to those who are celebrating him today to tomorrow realize that dream, help realize that dream. >> great leadership is all about casting the vision. calling people to rise up to be better than they know how to be. certainly as you point out, that road map, the blueprint, it's there. charlayne hunter-gault, reverend al sharpton, great to see you. among those reacting to mandela's death is muhammad ali. he said he was a spirit born free destined to soar above the rainbows. today his spirit is soaring throug
for the economy and washington in general. take a listen to what two lawmakers had to say earlier today. >> keep the budget caps in place, not raise taxes, which is important during this weak economy, and actually avoid a government shutdown. so i'm hopeful that even by the end of this week we'll be able to come together and achieve that. >> i certainly hope as part of it that the negotiators will take to heart what the president had to say. there are working families across america that are struggling. there are unemployed families who need a helping hand. we've got to protect and preserve the safety net in america and give these working families a fighting chance. >> so alex, of course there you have republican rob portman, democrat dick durbin. and you heard senator durbin talking about unemployment insurance. that is still the main sticking point. democrats, the president want unemployment insurance extended for 1.3 million americans. that's expected to expire at the end of the year. they say if that's not continued, it would be bad for those workers and also bad for the economy. republicans
suppose? >> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are tough that we're not going to fight for it, we're going to fight for it any
. and in an economy that is not creating enough work for people who want to go to work and still not creating enough middle class jobs. >> reporter: the president is paying attention to the issue, calling for a raise in the federal minimum wage. >> it's well past the time to raise a minimum wage that in real terms right now is below where it was when harry truman was in office. >> reporter: in this push for a higher minimum wage, a higher federal minimum wage likely to not go away anytime soon. the bureau of labor statistics shows six out of ten fastest growing positions in the next decade will be low paying positions. >> a lot of folks are struggling. that's for sure. we'll be watching these protests across the nation. >>> in other headlines, vice president joe biden says china's new air defense zone over the east china sea is causing significant apprehension. he's in beijing meeting with the country's top leaders. biden says he expressed washington's firm position and expectations regarding the zone. the air space is over a disputed island chain claimed by both china and japan. biden will be headi
is under control and doesn't present a serious threat to the economy. he focused on the gap between the rich and the poor and making the case for raising the minimum wage to more than $10. while extending unemployment benefits. >> we know that we're going to have greater and greater portion of our people in the service sector and we know that there are airport workers and fast food workers and nurse assistants and retail salespeople who work their tails off and are still living at or barely above poverty and that is why it's well past the time to raise a minimum wage that in real terms right now is below it was than when harry truman was in office. >> republican leaders quickly took issue with the president's poach. house speaker john boehner suggesting the president's policies created the very problems that he described. >> meanwhile republicans and democrats are trying to hammer out a budget deal to avoid another government shutdown next month. paul ryan and patty murray are heading up these talks. the two sides are said to be about $100 billion apart with the gap narrowing in the
on that. >> hi there, kate. let's talk about the jobs report in a moment. your economy is three things, jobs, investments and housing. we think of it as the three corners of the triangle. you need all of those for your personal finances and to grow your wealth. small businesses, they seem to be hiring more than the big businesses are by the way. auto sales have been up. you have the signals that are showing the economy doing a little bit better. >> when you're talking about the economy doing better, let's talk about housing. you say there's good news there. >> that's one very important part of your finance triangle. 3% home growth is what zillow was forecasting. mortgage rates moving up, 4.46%. that's not necessarily bad. why? it says the banks might start writing more loans next year. >> historically they're still very low. >> very low, absolutely. anything under 5% is still very low. >> good news. why is the stock market still stalling? >> that's interesting. five down days for stocks over the past week. your 401(k) is up double digits this year, no question. you've seen really good
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